The Strand Turks & Caicos Construction Update โ€“ December 2022

We are excited to show a construction update as we close out another successful year in real estate sales. The Strand continues to make great progress not only with their construction milestones but also with sales to date. The Luxury Residences 1, 2, 3 & 7 have really taken a foothold pictured below with full structures in place, Residence 8 is reserved leaving only Residence 9 remaining available.

The Luxury Residences 1, 2, 3 & 7


The Villas – Building A – 5 Villas and Building B – 8 Villas

The Villas Building A is well under way with walls coming out of the ground and swimming pool structures set in place and Building B with foundations complete are not far behind. Those looking for new construction will be pleased at this progress as well as the fact that The Strand amenities will be fully functional at virtually the same time as the villas and residences are completed. All Villas are oceanfront with prices starting at $2,495,000 for a 2-bedroom + Rooftop Terrace and $3,000,000 for a 3-bedroom.

Residences at The Strand are offered โ€œturnkey,โ€ with an optional furniture package, or you are welcome to customize your residence as you wish. All the amenities and operational facilities at The Strand are organized as a private club called The Strand Ownersโ€™ Club. Unlike owning a residence at a branded resort, the amenities and services at The Strand are focused on the homeowners, who are Club members, and their families and guests.

True Caribbean oceanfront lifestyle with the added benefit of Owners’ Club amenities and services unlike any other resort in Turks & Caicos Islands. We welcome you to explore more on the link below or contact a listing agent if you have specific questions.

Link to listings for The Strand Turks & Caicos

Nina Siegenthaler – nina@tcsothebysrealty.com, 649.231.0707

Joe Zahm – joe@tcsothebysrealty.com, 649.231.6188

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales.

Our Community Star at the Humanitarian Awards Dinner – December 2022

Our Community Star!! Bianca Harvey-Joseph aka “Queen B” received much deserved recognition at this yearโ€™s Humanitarian Awards dinner, held at The Shore Club, for her outstanding contribution in the community of Providenciales.
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Congratulations Queen B! You are an incredible role model for everyone and generous supporter of all those in need!


Pictured here with Manfred Smith, friend, supporter, co-worker, and real estate advisor with our office. @turksandcaicossir

Congratulations to all Humanitarian Award recipients and those individuals who may not have been recognized โ€“ you brighten the lives of all those you have touched!

The annual awards gala, hosted by the TCI Human Rights Commission, is in its fifth year.

Link to full report by Magnetic Media

Happy Holidays from Turks & Caicos Sotheby’s International Realty

The Strand Villas, Turks & Caicos Islands – “A Closer Look at their Unique Attributesโ€

In case you missed the chance to view our recent live Zoom Webinar on December 2, 2022, we welcome you to view this recording on Youtube to listen in with the developer, John Fair, and our sales team during a discussion on The Villas highlighting the design, amenities, lifestyle, and income potential of the 2- and 3-bedroom beach front properties.

Link to listing detail here:

Or contact the listing agents for further detail:

Joe Zahm, joe@tcsothebysrealty.com, 649.231.6188

Nina Siegenthaler, nina@tcsothebysrealty.com, 649.231.0707

Turks & Caicos Sotheby’s International Realty | Venture House | Grace Bay Road, Providenciales, 649.946.4474, info@tcsothebysrealty.com

Turks and Caicos Hotel and Tourism Association – Destination Video 2022

The Turks and Caicos Hotel and Tourism Association – Mission Statement:

Through involvement and cooperation with our Tourism partners the Turks and Caicos Hotel and Tourism Association (TCHTA) is dedicated to the achievement of sustainable growth in Tourism for the benefit of its members and the wider community, while protecting and enhancing the unique character and environment of the Turks and Caicos Islands.

TCHTA Website

TCHTA YouTube Channel

Turks & Caicos Sotheby’s International Realty is proud to be a member of the TCHTA since it’s inception with our President Joe Zahm one of the founding members. The TCI has a strong and resilient island community with an inviting landscape and inviting people. We look forward to welcoming you to our beautiful by nature islands.

https://www.turksandcaicossir.com/eng

TCI Real Estate Seeing New Development Expand As We Head Towards Another Record Year !

2022 Turks and Caicos Real Estate – 3rd Quarter Year-To-Date Comparison

With the exception of 2021, the 3rd Quarter is historically our quietest quarter due to the back-to-school and hurricane seasons, to be followed by a significant uptick in 4th Quarter as we gear up for our busy season. As such, Q3 2022 is proving to be more in line with previous yearsโ€™ activity and still in line with preโ€“covid peaks.

As illustrated in this report, real estate sales are still holding steady alongside an exceptional 2021. For this 3rd Quarter 2022, the overall graph has been broken down into sales volume by quarter for each of the past four years, indicating the ebb and flow of volume through each quarter. Pending deals that are slated to close out at year-end 2022 currently place the real estate market 38% ahead of 2019 year-end sales volume which was a record year itself. Considering the pending sales on the MLS, projected 2022 year-end sales volume will be very close to $500M and represents another record year in the making.

Within the 2nd Quarter report, we mentioned that several developers have exciting projects on the forefront which will be launched very soon that will help bridge the gap to sustain our marketโ€™s decade-long momentum. We are happy to present these new developments in the pages of our report which include a mix of pre-construction offerings. New Development is essential in real estate and we are entering a new wave of extremely high-quality projects from legacy developers, including ARC and NIVA from Windward Developments (Blue Cay, South Bank), a re-imagined Villas at Blue Mountain by Hartling Group, and the soon-to-be announced Grace Bay Resorts project next door to Point Grace.

On the community front: The โ€œFootsteps 4 Goodโ€ Charitable Event kicked off on October 21st. The event is a 224-mile circumnavigation of the beautiful by nature Turks and Caicos Islands over 13 days, touching 24 islands and cays. The water wading, swimming, walking, running, biking, kayaking and rowing island-hopping charitable event is hosted under the patronage of Mrs. Mandy Dakin, wife of His Excellency Governor Nigel Dakin. The charitable event was started by Jill Beckingham, wife of previous governor, Peter Beckingham. Mandy Dakin promised to restart the venture but with an ambitious twist covering the full length of the Islands: Providenciales through to North, Middle, East and South Caicos, then crossing to Grand Turk, Salt Cay, and finally completing the circle back to Providenciales via Sand Cay, Ambergris Cay, French Cay, and West Caicos. โ€œThe event builds on community spirit. United we are all stronger and can achieve amazing results. Not everyone is a marathon runner, but everyone knows how to walk. What could be better, raising money for our favourite charities whilst improving our health and fitness.โ€ Stated Mandy Dakin in a recent article on The SunTCI. For more detail link to The Sun TCI News article here. You can also follow the progress of this amazing journey on Instragram @footsteps4goodtci

We are thankful as always for the support of our clients and community and look forward to welcoming you to our shores this fall and festive season.ย ย 

Download the full report with one of the links below.

Link to PDF Report

Digital Flip-Book Link Here

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

The Strand Turks & Caicos Construction Update โ€“ September 2022

The Luxury Residences are steadily changing the landscape of Cooper Jack Bay as the video provided below shows all of the exciting work that has been accomplished thus far.

Luxury R3 has all windows and doors installed, as well as all plumbing and electrical above ceilings, while Luxury R2โ€™s ground floor slab is poured and walls are forming. Meanwhile, Luxury R7โ€™s main pool base and walls are poured, and the main house ground floor slab will be poured this week. Luxury R1 has its retaining wall in place and work has begun to prefabricate the main house columns.

As for The Villas, Villa ‘A’ Building retaining walls are forming. The pools have been excavated and they will be prepping to pour the ground floor. At the same time, they are building out The Strand kitchen and restaurant area. The first of its kind in Provo, the kitchen will have a living green roof that will blend in with the native vegetation above. But they didnโ€™t stop thereโ€”the dining experience at The Strand will also be a first-of-its-kind, with the dining tables on the iron shore edge overlooking a sugar sand beach and the Caicos Banks beyond.

Villa ‘B’ Building is set to start, at which time construction of the Main Pool area will begin. A combination of Old World-inspired stone walls, lush greenery, and your own loungers tucked into the limestone will give you the feeling that you have found your own Caribbean sanctuary.

With three of the custom lots reserved for Grand Residences they are beginning to extend utilities to the East of the development in preparation for these unique properties. The Main Parking retaining walls along Cooper Jack Road are up, and the retaining walls around the Clubhouse entry are being formed.

Link to listings for The Strand Turks & Caicos

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales.

Introducing Arc – Elevated Beachfront Living in Turks & Caicos

A New Level. Discoverย Elevated Beachfront Living

Taking its prominent position at the gateway to South Bank, Arc rises from the sculpted, sheltered resort beach and offers all-encompassing views from its 17 exceptional Sky Villas. Each with seamlessly connected landscaped Air Gardens, these new residences offer a secluded lifestyle experience of sky, sea, nature and space.ย  At home in their dramatic setting, the Sky Villas welcome all-encompassing views of the Caicos Bank and the ever-changing scene of the vibrant South Bank ocean lifestyle.

A Rare Lifestyle Experience

Wellness, nature, and adventure form the very essence of the experiences at South Bank. Arc features a restaurant and bar, gym, two pools, jacuzzi, ownerโ€™s lounge, board room, garden firepits and a boardwalk leading to the cabanas on the pier. Within the main resort, Arc residents also benefit from the lagoon-side rejuvenating spa and gym, โ€‹effortless boat concierge service and Clubhouse restaurant and bar. With owner and guest service and facilities expertly provided by Grace Bay Resorts, every day will be an experience to treasure. Experience Caribbean waterfront living at its best, delivered by one of the leading hospitality experts in the Caribbean.

Meet The Architects

Piero Lissoni, Founder and Design Principal at Lissoniยฎ, brings his mastery of contemporary design to South Bank with the unveiling of Arc and its Sky Villas. With offices in Milan and New York, Lissoniยฎ has a thirty-year history in developing international projects. Inspired by a sense of rigor and simplicity, his designs are characterized by a regard for detail, coherence, and elegance. The ideal fit for the South Bank vision.ย Meet the renowned architect behind the Sky Villas at Arc, as he explains his vision for this inspired reimagining of elevated beachfront living.

Rob Report Article

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay

Link to listing information for the Arc at South Bank

The Strand Turks & Caicos Construction Update โ€“ July 2022

A lot has happened at The Strand in Cooper Jack Bay since the ceremonial Groundbreaking on March 25th, 2022.ย  We recently published a video in social media (https://www.instagram.com/p/CfhEpytqBY5/) revealing that Cooper Jack Bay Road is now entirely paved.ย  Road paving, as we witnessed in Turtle Tail (paved in 2016), is pivotal to increases in land and property values, with the most recent oceanfront land and oceanfront villa sales garnering a 30+% increase as compared to sale prices of recent years. The completion of Cooper Jack Bay Road was spearheaded by the Developers of The Strand, an ultra-luxury development which will bring tremendous added value to the surrounding neighborhood of Cooper Jack. ย ย 

The Strand Luxury Residences

As for the construction updates at The Strand, Luxury Residence R3 is now at roof level with doors and windows being installed and Luxury Residences R2 and R7 are beginning the foundation stage.ย  Of the six Luxury Residences, R8 is reserved leaving only one residence remaining available, R9 priced from $8.95M.ย  There are three Grand Residences available priced from $10.5M. The Villas – Building A, is almost fully sold out and will begin construction imminently. The Villas are priced from $2.495M for a 2-bedroom and $3.1M for a 3-bedroom. Other construction milestones will be in the works in the coming months, including the reception building and resort beachfront area.ย  We are excited about construction progress and sales momentum as we look forward to the future of The Strand and the quality lifestyle it will provide.

Our sales agents joined the development team at The Strand site yesterday to get a close up look on the incredible progress of Luxury Residence R3.

Residences and Villas will have stunning views of Cooper Jack Bay.

An exclusive, sophisticated hideaway in a relaxed coastal setting, The Strand is the first of its kind on the Island with a limited collection of luxury beachfront villas, custom residences, and homesites, alongside access to vibrant community programming and full resort amenities and services. The Beach Club flows into the centerpiece resort-style swimming pool, surrounded by native limestone, and the dramatic waterโ€™s edge restaurant and bar. Amenities include access to The Strandโ€™s own Club Boats with a private captain, catamarans, kayaks, and paddleboards, as well as a tennis court, two pickle ball courts, and a state-of-the-art fitness center with a secluded yoga deck. Additionally, a la carte club services include in-home spa services, housekeeping, pre-arrival shopping, private chef and catering, airport transportation, landscape maintenance, an artist in residence program and security. In addition to the beachfront setting, the site offers 1,400 feet of canal and marina frontage, with a full marina and slips for owners, as well as several community yachts slips. The Strand is built from the ground up in the most sustainable way possible. In partnership with Renu Energy TCI, a local leader in solar home integration, The Strand offers solar packages on all its villas, making this development one of the first ultra-luxury community with this level of sustainability in the Caribbean.

Link to listings for The Strand Turks & Caicos

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales.

TCI Real Estate Market Continues to Ride Momentum of Historic 2021

Turks & Caicos Real Estate Market Report – 2nd Quarter 2022 YTD Comparison

As we read through the headlines of each market report, since the tipping point at the end of 2011, one can sense how the momentum has escalated throughout the past decade.ย Turks & Caicos Islands is no longer a secret and has become the luxury standard for investors and vacation homeowners. These yearly successes have helped our country overcome the odds, firstly in 2017 with Hurricane Irma and then in 2020 with the Pandemic.ย We remained cautiously optimistic during both of those occasions and now look back with pride for our community, private sector and the TCI Government and the good guidance and support provided by all throughout.ย  ย 

So how does a real estate market follow such a monumental year in sales?ย We can look to the financial advisors for their analysis such as the Baker Tilly report, within our Caribbean region, with recent headlines of โ€œInvestors Bullish on Caribbean Tourism Boomโ€.ย The newly published survey for 2022 is a robust report that shows several indicators that both Banks and Non-Bank Lenders are confident that the Caribbean real estate and tourism growth will continue for the next 12 to 18 months.ย Link to Baker Tilly Survey Here.ย What does this mean for Turks & Caicos Islands?ย Thankfully, several developers have exciting projects on the forefront which will be launched very soon. New developments and emerging re-sale inventory will help bridge the gap to sustain our marketโ€™s decade-long momentum. The fast-paced sales cycles witnessed in 2021 and first quarter of 2022 have tapered off in some areas positioning buyers for a hopeful replenishment in depleted inventory.

Another indicator of our sustained and continued growth is Standard & Poorโ€™s affirmation of our countryโ€™s sovereign credit rating for long-term bonds, denominated in both domestic and foreign currency, of BBB+. Furthermore, S&P believes the TCI will continue to adhere to prudent financial management and limit borrowing, and that fiscal reserve balances will increase during the next two years.ย Link to TCI Weekly News Article. ย 

The gauge where real estate agents have our finger on the pulse is with our clients and owners of TCI real estate.ย This is the barometer that is at the core and best defines the health and sustained growth of our market.ย With 85% of TCI real estate owners from North America, we can sense the ebb and flow with investor confidence within our market which is historically linked directly to the USA and NA.ย 

Now for our current market report for the first half of 2022, the market stats are holding up quite well to last yearโ€™s historic run.ย Condominium sales continue to be strong with a sales volume increase of 42.54%, led by the Rock House completion, Ritz Carlton sales completions carryover and robust condominium re-sales.ย In 2021, buyers were focused on single family villas until inventory depleted, and now in 2022 they are concentrating on condominiums at all price ranges. The Overall Market finished a mere 10.5 % down over last yearsโ€™ Q2 with $327,501,259 in total sales.ย  ย 

Even in the face of world events and economic shock waves led by inflation, TCI continues to see steady demand for quality real estate, though certainly a bit less frenetic than in 2021. Q3 and Q4 will see the launch of significant blue chip new developments, which bodes well for future inventory and our evolving luxury tourism product. ย 

We welcome you to view the full report for new listings and market graphs illustrating the decade long momentum.ย ย Download the full report with one of the links below.

Link to PDF Report

Digital Flip-Book Link Here

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Turks & Caicos 5-Bedroom Canal Front Home Nearing Completion

120 Pinta Lane, designed by COAST Architects, is the newest addition to the well sought-after Leeward Canal community. This sprawling and nearly completed, 5-bedroom, water-front home is situated amongst 0.74 lush acres, with 113 feet of water frontage.ย  The villa is meticulously designed catering to all the amenities of canal front living, with approximately 80 feet of dock space and water views from every room.

Looking for a new vacation home to celebrate all the upcoming holidays?ย  120 Pinta Lane provides plenty of entertaining space with the first level interior matched with a spacious, end to end, covered terrace, equipped with a BBQ area, overlooking a large in-ground pool. These indoor/outdoor areas are joined by collapsing doors, and when opened, allow for more than 3,000 SF of living, dining, and entertaining space on the lower level. The kitchen and dining area are equipped with best-in-show, Sub Zero and Wolf appliances. With a 3,700 SF interior and a total of nearly 6,000 SF of finished areas, Pinta Laneโ€™s newest addition is the perfect family vacation home. Additionally, the ample lot allows for a guest house or garage, not currently included in this phase of construction, but available upon request. A turn-key furniture package is also available upon request.

For further detail about 120 Pinta Lane please view our website which includes the floorplans, conceptional renderings and additional construction photos.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales